Happiness Economics

There is enough evidence to be confident that individuals are able and willing to provide a meaningful answer when asked to value on a finite scale their satisfaction with their own lives, a question that psychologists have long and often posed to respondents of large questionnaires. Without taking...

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Detalles Bibliográficos
Autor: Ferrer-i-Carbonell, Ada
Tipo de recurso: artículo
Estado:Versión publicada
Fecha de publicación:2013
País:España
Institución:Consejo Superior de Investigaciones Científicas (CSIC)
Repositorio:DIGITAL.CSIC. Repositorio Institucional del CSIC
OAI Identifier:oai:digital.csic.es:10261/111381
Acceso en línea:http://hdl.handle.net/10261/111381
Access Level:acceso abierto
Palabra clave:Preferences
Subjective well-being
Welfare
Happiness economics
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spelling Happiness EconomicsFerrer-i-Carbonell, AdaPreferencesSubjective well-beingWelfareHappiness economicsThere is enough evidence to be confident that individuals are able and willing to provide a meaningful answer when asked to value on a finite scale their satisfaction with their own lives, a question that psychologists have long and often posed to respondents of large questionnaires. Without taking its limitations and criticisms too lightly, some economists have been using this measure of self-reported satisfaction as a proxy for utility so as to contribute to a better understanding of individuals' tastes and hopefully behavior. By means of satisfaction questions we can elicit information on individual likes and dislikes over a large set of relevant issues, such as income, working status and job amenities, the risk of becoming unemployed, inflation, and health status. This information can be used to evaluate existing ideas from a new perspective, understand individual behavior, evaluate and design public policies, study poverty and inequality, and develop a preference based valuation method. In this article I first critically assess the pros and cons of using satisfaction variables, and then discuss its main applications. © 2012 The Author(s)Peer ReviewedAsociación Española de Economía2015201520132015info:eu-repo/semantics/articlehttp://purl.org/coar/resource_type/c_6501Publisher's versioninfo:eu-repo/semantics/publishedVersionhttp://hdl.handle.net/10261/111381reponame:DIGITAL.CSIC. Repositorio Institucional del CSICinstname:Consejo Superior de Investigaciones Científicas (CSIC)Ingléshttp://dx.doi.org/10.1007/s13209-012-0086-7info:eu-repo/semantics/openAccessoai:digital.csic.es:10261/1113812026-05-22T06:33:51Z
dc.title.none.fl_str_mv Happiness Economics
title Happiness Economics
spellingShingle Happiness Economics
Ferrer-i-Carbonell, Ada
Preferences
Subjective well-being
Welfare
Happiness economics
title_short Happiness Economics
title_full Happiness Economics
title_fullStr Happiness Economics
title_full_unstemmed Happiness Economics
title_sort Happiness Economics
dc.creator.none.fl_str_mv Ferrer-i-Carbonell, Ada
author Ferrer-i-Carbonell, Ada
author_facet Ferrer-i-Carbonell, Ada
author_role author
dc.subject.none.fl_str_mv Preferences
Subjective well-being
Welfare
Happiness economics
topic Preferences
Subjective well-being
Welfare
Happiness economics
description There is enough evidence to be confident that individuals are able and willing to provide a meaningful answer when asked to value on a finite scale their satisfaction with their own lives, a question that psychologists have long and often posed to respondents of large questionnaires. Without taking its limitations and criticisms too lightly, some economists have been using this measure of self-reported satisfaction as a proxy for utility so as to contribute to a better understanding of individuals' tastes and hopefully behavior. By means of satisfaction questions we can elicit information on individual likes and dislikes over a large set of relevant issues, such as income, working status and job amenities, the risk of becoming unemployed, inflation, and health status. This information can be used to evaluate existing ideas from a new perspective, understand individual behavior, evaluate and design public policies, study poverty and inequality, and develop a preference based valuation method. In this article I first critically assess the pros and cons of using satisfaction variables, and then discuss its main applications. © 2012 The Author(s)
publishDate 2013
dc.date.none.fl_str_mv 2013
2015
2015
2015
dc.type.none.fl_str_mv info:eu-repo/semantics/article
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dc.identifier.none.fl_str_mv http://hdl.handle.net/10261/111381
url http://hdl.handle.net/10261/111381
dc.language.none.fl_str_mv Inglés
language_invalid_str_mv Inglés
dc.relation.none.fl_str_mv http://dx.doi.org/10.1007/s13209-012-0086-7
dc.rights.none.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.publisher.none.fl_str_mv Asociación Española de Economía
publisher.none.fl_str_mv Asociación Española de Economía
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instname:Consejo Superior de Investigaciones Científicas (CSIC)
instname_str Consejo Superior de Investigaciones Científicas (CSIC)
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